No decision soon on GM Europe

Newsagency reports indicate that a meeting in Berlin later today will not resolve the future of the loss-making GM Europe subsidiary of General motors

The meeting between US carmaker General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in the company that produces Opel and Vauxhall vehicles, a German government source said.

Reuters Newsagency quotes the source as saying it is also unlikely that a preliminary decision will be made on GM Europe’s future this week.

GM said on Monday it had received three binding takeover offers for the Opel/Vauxhall business.

The company will now consider them together with European countries affected by the deal, including Germany.